Otis Powell Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows: Materials: Line Item Description Standard Actual Standard: 300 pounds at $2.50 per pound $750 Actual: 250 pounds at $3.00 per pound Direct labor: Line Item Description Standard: 350 hours at $10.00 per hour Actual: 350 hours at $12.00 per hour $750 Standard Actual 4,000 b. $810 U c. $400 F d. $500 F 4,000 What is the labor efficiency variance for Otis Powell Corporation? a. $602 U

Otis Powell Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows: Materials: Line Item Description Standard Actual Standard: 300 pounds at $2.50 per pound $750 Actual: 250 pounds at $3.00 per pound Direct labor: Line Item Description Standard: 350 hours at $10.00 per hour Actual: 350 hours at $12.00 per hour $750 Standard Actual 4,000 b. $810 U c. $400 F d. $500 F 4,000 What is the labor efficiency variance for Otis Powell Corporation? a. $602 U

Name: Urmilaben Otis Powell Corporation produced 100 units of Product AA. Th
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Description: Urmilaben Otis Powell Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:Materials: Line Item Description Standard ActualStandard: 300 pounds

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EA: Cool Pool has these costs associated with production of 20,000 units of accessory products: direct...

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